Bryan Yu, a chief economist with Central 1, told Global News that despite the availability, buyers still seem to be hesitant to purchase homes.

Housing crisis? There ain’t no stinkn’ housing crisis.

There is, however, an ‘overabundance of stupid’ crisis.

  • madame_gaymesEnglish
    91·
    4 days ago

    I think a lot of them also have HOAs, too. At least in the USA, dunno about CA.

    And at least with a house mortgage you usually get a lawn…

    • BCsven@lemmy.ca
      11·
      4 days ago

      Bit different. The condo is a legal company ,collects fees To operate the building maintenance and repair, insurance, snow removal, etc. All owners vote yearly on changes to bylaws, or projects to be done.
      I.e.hypothetically there could be laws about no blue patio furniture, however if majority of owners vote for allowing blue, then it gets changed. Its an owner run corporation.

      • madame_gaymesEnglish
        4·
        4 days ago

        I see. Definitely sounds slightly better. HOAs were supposed to be like that at one time here, but then they became miniature dictatorships.

        • BCsven@lemmy.ca
          3·
          4 days ago

          Yeah HOA in USA often seems like the current HOA owns the property sale rights, and can block a sale. Strata has no say in the sale, it is an owner to owner deal.

          A lot of people complain about strata being restrictive, but guess who doesn’t show up to vote at the meetings; Same people who don’t want to join council when the new one is voted in each year.

    • unbanshee@lemmy.dbzer0.comEnglish
      5·
      4 days ago

      BC has strata corporations, which are kiiiiind of the same thing based on my shitty surface-level understanding of HOAs.

      And basically all multi-family housing has a strata.